The Global Economic Reset Has Begun

In my last article, I outlined the deliberately engineered trend toward the forced “harmonization” of national economies and monetary policies, as well as the ultimate end goal of globalists: a single world currency system controlled by the International Monetary Fund and, by extension, global governance, which internationalists sometimes refer to in their more honest public moments as the “new world order.”

The schematic for the new world order, according to the admissions of the internationalists, cannot possibly include the continued existence of U.S. geopolitical and economic dominance. The plan, in fact, requires the destabilization and reformation of America into a shell of its former glory. The most important element of this plan demands the removal of the U.S. dollar as the de facto world reserve currency, a change that would devastate our current financial structure.

I outlined with undeniable evidence the reality that major governments, including the BRICS governments of the East, are fully on board with the globalist agenda. There is no way around it; the BRICS, including Russia and China, have openly called for a global monetary system centralized and dictated by the IMF using the SDR basket. This same plan was outlined decades ago in the Rothschild-owned magazine The Economist. We are witnessing that plan being implemented in front of our very eyes today.

For the past couple of years, the current head of the IMF, Christine Lagarde, has used the phrase “global economic reset” often in her speeches and interviews. There is some (deliberate) ambiguity to this notion, but after sitting through hours upon hours of her most boring and repetitive discussions in globalist think tanks such as the Council On Foreign Relations, the consistent message is pretty straightforward. If anyone can stand to listen to this woman's carefully crafted prattle and well-vetted half-truths for more than five minutes, I suggest they watch this particular speech given in January at the CFR:

Her message on the global economic reset is essentially this: “Collective” cooperation will not just be encouraged in the new order, it will be required — meaning, the collective cooperation of all nations toward the same geopolitical and economic framework. If this is not accomplished, great fiscal pain will be felt and “spillover” will result. Translation: Due to the forced interdependency of globalism, crisis in one country could cause a domino effect of crisis in other countries; therefore, all countries and their economic behavior must be managed by a central authority to prevent blundering governments or "rogue central banks" from upsetting the balance.

It’s interesting how the IMF’s answer to the failings of globalization is MORE globalization. In other words, Lagarde would argue that while we are in the midst of an international system, we are not centralized enough for such a system to succeed.

The IMF points out correctly that the economic situation around the world is not stable and could revert once again to the chaos of the initial 2008 crash. The Bank for International Settlements, the primary hub of central bank control, has also given numerous warnings this year on the potential for disaster, including in its latest quarterly report.

The warnings of the BIS in particular should not be taken lightly (some analysts are indeed taking them lightly). The BIS knows exactly when financial disasters will erupt because it wrote the central bank policies that created those same events. For example, in 2007, the BIS released a warning that perfectly predicted the elements of the derivatives and credit crisis in 2008.

What these globalist institutions will not tell you in a direct manner are the real causes and motivations behind the inevitable next stage in the ongoing destruction of the current economic system

The global reset is not a “response” to the process of collapse we are trapped in today. No, the global reset as implemented by central banks and the BIS/IMF are the CAUSE of the collapse. The collapse is a tool, a flamethrower burning a great hole in the forest to make way for the foundations of the globalist Ziggurat to be built. As outlined in my last article, economic disaster serves the interests of elitists.

When you look at these actions by the Federal Reserve and the U.S. government in particular, questions arise. Is it “stupidity” that is causing them to sabotage the golden goose? Is it hubris and greed? Their actions are clearly facilitating a program of incremental implosion, yet they continue to ignore the obvious. Why?

The people who ask these questions are operating on a false assumption; they have assumed that the international bankers and the puppet politicians they control have any interest in protecting the longevity of the U.S. The fact is they do not. They have no loyalty whatsoever to the U.S. system, nor do they see the U.S. as “too big to fail.” This is utter nonsense to globalists. Rather, they see each nation and central bank as a piece in a game, much like chess. Some pieces have to be sacrificed in order to gain a better position on the board. This is all that the U.S., the Federal Reserve and even the dollar are to them: expendable pieces in a larger game.

The U.S. is now experiencing the next stage of the great reset. Two pillars were put in place on top of an already existing pillar by the central banks in order to maintain a semblance of stability after the 2008 crash. This faux stability appears to have been necessary in order to allow time for the conditioning of the masses towards greater acceptance of globalist initiatives, to ensure the debt slavery of future generations through the taxation of government generated long term debts, and to allow for internationalists to safely position their own assets. The three pillars are now being systematically removed by the same central bankers. Why? I believe that they are simply ready to carry on with the next stage of the controlled demolition of the American structure as we know it.

Bailouts And QE: The First Pillar Removed

The bailout bonanza was in part a direct intervention in the deflationary avalanche of the derivatives bubble, but also an indirect intervention in that it changed the psychological dynamics of the markets. As former Fed chairmans Alan Greenspan and Ben Bernanke have both hinted at in interviews and op-eds, one of the primary concerns of the central bank was the psychology behind higher stock prices.

Stock prices could be propped up by the Fed itself through proxy buyers using the printing press. Or the Fed could inject billions, if not trillions, of dollars into banks and allow them to run wild, artificially boosting investment while doing nothing to solve the existing dilemma of negative fundamentals. Beyond this, the markets began to move on the mere words or edicts of Fed officials as algo-computers and the general investment world placed bets on rhetoric rather than reality; a dynamic which is now ending.

The bailouts also reanimated the cadavers of large corporations and banks, not just in the U.S. but in Europe, giving the illusion of life to the financial system while leaving Main Street to rot. In the meantime, quantitative easing measures provided a way to continue financing U.S. government debt at the expense of generations of taxpayers as numerous primary lenders began to abandon typical long-term bond purchases.

Furthermore, oil markets appear to have been directly inflated by QE intervention. It is important to take note that oil prices remained extraordinarily high despite the continuous fall in global demand UNTIL the moment the Federal Reserve instituted the taper of QE3. Then, prices began to plunge.

In a September 2013 article, I predicted that the Fed, despite all common sense and the claims of banks like Goldman Sachs, would indeed follow through with the taper: a removal of the first pillar levitating the U.S. system.

I was, of course, called crazy at the time for this prediction by some people within the alternative economic community.

“Why in the world” they asked, “would the Fed taper QE when they can simply print to infinity and kick the can down the road perpetually?” Again, these people do not understand that America is under scheduled demolition by the international banks; it is not being protected by them.

The taper occurred in December of that year.

Near Zero Interest Rates: The Second Pillar Nearly Removed

After the taper of QE, volatility not seen since 2008/2009 returned to the markets. And the public once again was reminded in sporadic moments that the recovery might not be real after all. Europe and Japan quickly stepped in with their own renewed stimulus measures, and Fed officials began using strategic media interviews to “hint” falsely that QE might return. Markets rallied, then fell dramatically, then rallied again, then fell again in a shocking manner. And this volatility has been the trend up until recently, when the question of the end of zero interest rate policy arose.

Again, very few people have ever asked or demanded the Fed end QE or ZIRP. There was never any legitimate public pressure on the fed to remove these pillars. The investment world has been essentially addicted like heroin junkies to assured gains for three years. The war cry of the investment world has been BTFD! (Buy the f'ing dip) for quite some time; investors have come to expect and demand inevitable central bank intervention and fiat driven stock market rallies. Yet, the Fed is ending the party anyway.

ZIRP is the only pillar left holding stocks in place. Without zero interest rates, and with even the most minor of .25 basis points added, cost-free overnight lending to banks and corporations will end. They will not be able to afford continued lending on the massive scale seen since 2009/2010. This means no more stock buybacks for dying companies like IBM or General Motors, among others. This means a considerable decline in the markets, declines which we have had a taste of in recent plunges in equities at the mere mention of interest rate increases.

"The Federal Reserve push for a rate hike will likely be determined before 2015 is over. Talk of a September increase in interest rates may be a ploy, and a last-minute decision to delay could be on the table. This tactic of edge-of-the-seat meetings and surprise delays was used during the QE taper scenario, which threw a lot of analysts off their guard and caused many to believe that a taper would never happen. Well, it did happen, just as a rate hike will happen, only slightly later than mainstream analysts expect.

If a delay occurs, it will be short-lived, triggering a dead cat bounce in stocks, with rates increasing by December as dismal retail sales become undeniable leading into the Christmas season."

You can also read my analysis on the motivations behind a Fed rate hike as well as the theater surrounding their policies.

The cat seems to have finished its bounce and stocks are returning to volatility. Retail sales so far for Black Friday weekend (including Thanksgiving) have posted a staggering 10% drop with online sales below expectations. Chain Store sales have recently crashed 6.3% week over week. Plunging freight rates and global shipping indicate a severe lack of global demand and a terrible sales season ahead. Janet Yellen, ignoring all negative economic signals as predicted, has all but declared a rate hike a given by Dec. 16.

I was, yet again, called crazy for this assertion by some at the time; and to be clear, I could still be wrong. The Fed could pull a fast one and not raise rates, though the rhetoric coming from the fed today almost guarantees they will take action. Not raising rates doesn’t match with their past habits; they seem to be following the timing of the taper model perfectly. The point is, despite common assumptions within the alternative media, the Fed is not “trapped” and can do whatever it wants, including killing the markets if it benefits the greater goal of a global economic authority. With the ZIRP pillar gone, expect even more violent swings in stocks and general uncertainty and panic among day-traders and the public.

U.S. Dollar's World Reserve Status: The Third Pillar In Progress Of Removal

I’ve been writing about the loss of the dollar’s reserve status since 2008. And as I have always said, the removal of this final pillar is a process, not an overnight affair. The BRICS nations have been positioning themselves for years — China since 2005, the rest of the BRICS since at least 2010.

The delusion that some economic analysts have been under is that the BRICS were strategically vying for power by building their own unified banking institution in “opposition” to the IMF and the West. As I presented in my last article, this has proven to be completely false. They were in fact positioning to take their place as puppets within the new global paradigm taking shape. China has now joined the IMF’s SDR basket (as predicted); and Russia, along with the other BRICS, has openly called for the IMF to take control of the global monetary system.

China’s inclusion, I believe, will hasten the loss of the dollar’s market share of reserve status over the next year, along with other factors. Saudi Arabia has also brought the idea of a depeg from the U.S. dollar into the mainstream discussion. This action, which mainstream economists are calling a possible Black Swan, would end the dollar’s petro-status and result in catastrophe for the U.S. economy. The removal of the final pillar is well underway.

As I have stated in the past, the U.S. system as it stands does not necessarily deserve to survive, but then again, this does not mean that it should be sacrificed in order to breathe life into the monstrosity of global economic governance. Such a trade-off only serves the interests of a select group of elites, with the global reset ending in the mechanized multicultural suicide of sovereignty, leeching prosperity from the rest of us in the name of “collective progress.” Globalists want us to believe there is no other option but their leadership, and they will create any measure of chaos in order to convince us of their necessity.

IF THEIR TRACK RECORD WAS NOT SO DAMN CRUEL WE MIGHT BE ABLE TO EXCUSE THE MEDIA LIARS WHO HELP LOCK US IN TYRANNY AS THEY SMILE AT US. HOWEVER, AND THIS IS TRUE, THEY DO NOT KNOW WHO IS AT THE TOP OF THIS POWER STRUCTURE, AND YET THEY SERVE.

THE TRACK RECORD IS EXTREMELY CRUEL, AND BETRAYAL IS STANDARD OPERATING MODE. SHEEP TO SLAUGHTER. THANKS.

He who dies with the most toys ends up feeding the worms... as we all do sooner or later. You brought nothing into the world, you shall take the same thing out.

Christine Lagarde will end with a rotted corpse just like the lowliest peasant who had to put up with her crap and cruelty. UNLESS she has her dried out wrinkly body pumped rull of poisonous chemicals - which would make her corpse into a simulacrum of her life. Full of poison, and perfectly worthless.

Yet there's still some who think world leaders are enemies. Think about it. They're all rich, powerful, and want to stay that way. Why in the world would any of them risk all that to help out the unwashed masses of brainwashed cattle?

'If there are too many counterfeiters in the world, then it is impossible for us to soliify our role as the one-and-only counterfeiter. So, to aid our agenda as being the counterfeiters-in-chief, we need rogue wannabe independent countries around the world to abandon their own counterfeiting agendas, and accept our counterfeit as their one and only fiat (preferably all electronic fiat)'

Such a plan will make it evident that there is only one currency remaining, and that is the exchange of high speed projectiles. She's literaly advocating the forcing of the issue which will spawn revolts everywhere.

Not to mention that it will break the precious supply chains that the global oligarchs need to better rape us with. There are some physical resource issues that printing presses won't solve. Somebody should tell LeGarde that a man has got to know his limitations.

But Brandon seems to think that the Fed had a choice in tapering QE3. It didn't. It was hoovering up a lot of the "high quality" collateral that banks need for their little schemes. The Fed has worked itself into its very own real life Kobayashi Maru, and there is no way to reprogram this shit.

although, i do agree with Brandon overall. when you spoke of the necessity of knowing limits, my guess is that the globalists know the limits once they approach them, but they do not understand 'limits' as such; they instead interpret them as elastic boundaries in need of softening, and once softened they push to the new boundary permitted by its pliancy...and on and on it goes until it pops. elasticity, pliancy and tinsel strength are all properties of matter; all of which can be manipulated through various means...but, at the end of the day, there are limits -- in both matter and the ways of man -- real limits that intersect our trifling with infinity.

in theory, i could prove that this coffee cup i'm about to drop will never reach the floor...i could keep dividing the distance traveled in time by half to infinity. but theory notwithstanding, experience teaches that each time i drop the cup, it hits the floor.

Good point but this shows how the fed is managing things now. They are usuing repos.

Part C: The Use of the Reverse Repo Rate
“Because not all institutions have access to the excess reserves interest rate set by the Fed, we
will also utilize an overnight reverse repurchase purchase agreement facility, as needed. In a
reverse repo operation, eligible counterparties may invest funds with the Fed overnight at a
given interest rate. The reverse repo counterparties include 106 money market funds, 22
broker?dealers, 24 depository institutions, and 12 government?sponsored enterprises, including
several Federal Home Loan Banks, Fannie Mae, Freddie Mac, and Farmer Mac.”
The Logic: Fischer continues: “This facility should encourage these institutions to be unwilling to
lend to private counterparties in money markets at a rate below that offered on overnight
reverse repos by the Fed. Indeed, testing to date suggests that reverse repo operations have
generally been successful in establishing a soft floor for money market interest rates.”

1. The Globalists/Internationalists want to impose their One World System of perpetual rent-seeking USURY.

2. Everyone else not part of this NWO Prison Planet regime, is opposed to it. Which includes a very curious mix of unlikely suspects: Libertarians, Traditional Christians, and (believe it or not) about a billion+ Muslims.

What some, or perhaps many here may not fully appreciate, is that Fundamentalist Religion and other forms of intransigent ideology/worldviews are being used as ploys to redirect The Usury Narrative, toward any number of suitable and convenient False Narratives, Distractions, Diversions and Divisions.

No matter what your other ideological or worldviews may be, the first all-important point of Agreement that anti-NWO, anti-Usury people in the world must agree and unite on, is to resist and permanently depose this global Kabal of Central Banksters and Bureaucratic Sociopaths. Long 'Musollini Piñatas'.

Good point Kirk. The only 'hotspots' in the world are the ones that will never hop on with the IMF/BIS/CB's. They financiers will continue to push/profit until they fall to their knees. How long that will take and how many countries are destroyed is anyone's guess.

Remember back when you guys used to beat up the nerds and the geeks at school? Yeah. You targeted the gimps and the weak. You know it.

You were pissed that they got better grades than you?

Well they got the quant jobs and the jobs in high finance...or maybe even the Head job at the FED...

And as for you...you are doing what they wish....before they engineer that War to end all Wars...the one that is going to end up killing you.

You made a mistake by leaving them alive so that they'd plan all of this out...just because of that. (At times some teens are too impulsive like at Santana High (I DO KNOW THAT ALL TOO WELL FROM MY TWO WEEKS ATTENDANCE BACK IN 1973) or Columbine.

Does she not understand that she literally just declared war on the nations of thw world with this statement?: The answer is no based on my previous experience of encountering political tops as a journalist.

A couple of comments: What does the latest move by the IMF bode for this theory? If the IMF has basically said that they will not enforce repayment of loans other then those in USD does this dovetail with this thesis Brandon puts forth that China and Russia are part of the plan? I would say it doesn't but haven't really thought it through.

Also, the SDR is merely a basket of the same currencies that are now failing. What good is a financial instrument backed by failed currencies? Is anyone going to want to trust the Yen, FRN's, Euro's, etc., after the reset? If not, why would anyone want something composed of these currencies. What mechanism keeps the countries that compose the SDR (say Japan for instance) from printing as much as they want of their currency?

I'm not sure about the other countries, but I am pretty damn sure China will eventually depeg from the dollar and float all US treasuries, then announce they have something like 30,000 tons of gold to back the Yuan. If so, that would make the Yuan the defacto replacement for the dollar...after the FED hikes rates next week on top of the IMF telling Russia to go fuck itself.

They only made that decision for one nation - Ukraine. The elitists need Ukraine to remain semi-stable economically so they can continue to use it as a potential powderkeg. If Ukraine collapses in on itself, then how can they use its new fascist government as part of their East versus West theater? Also, you have to remember, the IMF is now abitrating debts between sovereign nations, proving once again that they are the global economic kings of the dog pile. Watch closely; Russia and Putin won't do a damn thing about the IMF decision.

The SDR is the "currency of currencies" as Lagarde recently called it, not just a basket of currencies. The only member currency set for a major fall is the dollar. The SDR will be announced as a replacement for the dollar as a world reserve, and then over time, member currencies will be deemed obsolete. The Economist admitted the plan back in 1988.

I agree with you on Ukraine; it has always been the plan to have a war regardless of economic niceties simply because these fucking psychopaths believe in eugenics. The BRICS won't rush in to 'save the day' until a sufficient number of the proles are dead and the rest beg them for scraps...which will be given, but with strict conditions.

As for other currencies failing, I look around and see the Euro and Yen not doing particularly well at this time. ALL currencies must fall to relatively equal values before the reset, to make the SDR more palatable as a stepping stone to the eventual 'Phoenix' One World Currency.

The US created the IMF and it is their hand that still moves it's mouth. That said, the sales pitch is still 'Our fiat is better'. It's still fiat, and comprised of a basket of all other fiat, all of which is being debased at the same time. You can use financial engineering to work past a maturity date, you can kick the can around years of short-term problems, but you can't bullshit your way past the 'long enough timeline', and you can't create value out of something that, by design, is loosing it every day.